Madrid, Feb 5 (AFP) Real Madrid, one of the world''srichest football clubs, have announced they have reached anagreement with Saudi Arabia''s Prince Salman Foundation tobuild a sports academy in the Middle Eastern country.
The deal will officially be signed in Madrid on Monday,the Spanish club said in a statement published on theirwebsite late yesterday.
"The Real Madrid Foundation and the Prince SalmanFoundation will join forces on Monday, February 7 in order tobuild a new socio-academic sports academy in Saudi Arabia,"said the statement.
Real Madrid president Florentino Perez, who is also thehead of Spanish construction giant ACS, and Enrique Sanchez,deputy chairman of the Real Madrid Foundation, will be at theceremony with Saudi Prince Mohammed bin Salman and PrinceSalman Foundation director general Abdel Aziz Al Masoud.
The Real Madrid Foundation "is the means by which RealMadrid reaches out to society and develops its social andcultural awareness programmes," the club said. (AFP) CM